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TM

Toyota

$139.71 /

-0.32 (-0.23%)

12:36
01/17/20
01/17
12:36
01/17/20
12:36

Toyota provides outline of production alignment through 2022

To "improve the operational speed, competitiveness and transformation at its North American vehicle assembly plants based on platforms and common architectures," Toyota Motor North America will complete the following alignments by 2022. Toyota Indiana: TMMI will focus on production of mid-size SUVs and minivans including the Toyota Highlander, Highlander Hybrid and the Toyota Sienna. TMMI will cease production of the Toyota Sequoia by 2022. Toyota Texas: Toyota Texas will focus on production of full-size body-on-frame trucks and SUVs. It will continue to assemble the Toyota Tundra and will begin assembly of the Toyota Sequoia starting in 2022. TMMTX will cease production of the Toyota Tacoma by late-2021. Production capacity at TMMTX remains at 208,000 units annually, and last summer, it announced a $391M new investment for multi-vehicle production capabilities. The facility's total investment tops $3B; employment is 3,200. Toyota Guanajuanto, Mexico: Toyota Motor Manufacturing de Baja California has been assembling Tacomas since 2004. In December 2019, Toyota Motor Manufacturing de Guanajuato also began assembly of the Tacoma; both plants will continue to focus on production of mid-size trucks. Production capacity at TMMGT remains at 100,000 units per year; employment is 1,000. As a result of this production alignment, there will be no reduction to direct jobs at any of Toyota's facilities across North America.

TM Toyota
$139.71 /

-0.32 (-0.23%)

09/05/19 Morgan Stanley
Toyota downgraded to Underweight from Equal Weight at Morgan Stanley
06/07/19 BofA
Toyota 'clearly more focused' on China business, says BofA/Merrill
05/15/19 Morgan Stanley
Tariff delay a 'modest positive' for automakers, says Morgan Stanley
05/15/19
Trump plans to delay imposing tariffs on auto imports, Bloomberg reports

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